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pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue of taxes and the fiscal cliff. the white house today released a report from the council of economic advisers. that report claims that if republican lawmakers don't accept the president's fiscal proposals they would be responsible for destroying christmas for the nation's retail sector. the national retail federation is forecasting that holiday sales will grow. if congress does not act on the president's plan to exten
of republicans break with grover norquist on this anti-tax pledge. now, whether you see some equivalent movement on the democratic and liberal side on entitlement reform, that's where the key to the deal will be. >> eamon, we'll get to grover. i want to go to jody first on the idea of wealthier people paying their share. as the obama campaign and obama white house, do you think they have found the right balance on messaging about their millionaire friends who are willing to pay more? >> they're certainly more successful than they were during the debt negotiations in the summer of 2011. some democrats are saying, it's okay, we can go over the fiscal cliff, things will be easier for us that way. i'm not sure if that's true when you look at the president. the president has such a rare chance here. the debt ceiling crisis was the nadear of the obama administration. he had come to washington to unify the city and yet he couldn't get republicans and democrats to sit down and agree to a common sense agreement. he has the chance to do that now. there is a developing consensus to raise taxes in washingto
. dagen: im dagen mcdowell. warren buffett lays into grover norquist. he is here to respond. connell: $250,000. is there any chance that number will go off? dagen: a company ordering workers to get flu shots or lose their job. connell: the rush to get the gifts for the holidays. it is cyber monday. dagen: just remember connell mcshane, you are getting nothing from me. talking about wider markets. nicole: some of the traders, do not forget, last week we were gaining 3.3% on the dow jones industrials. right at that 1400 mark. hitting some key resistant levels. likely to see a little bit of a pullback. the trend is still to the upside. as far as the major market average, you are seeing the dow and s&p down a half of a percent each. i want to take a look at abercrombie and fitch. , that insiders, they talk about the fact that abercrombie was the clear winner of the weekend stops. connell: grover norquist. here is what he said this morning. >> supposed an investor that you admire and trust comes to you saying this is a good idea i think you should think about it. it all depends on what my tax r
of six couldn't get it done. how are the people going to get it done? we have grover norquist saying all the people allegedly are going to violate their pledge, only lindsey graham said yes, we'll violate it. the rest of them are waiting for democrats to come up. >> bob: is there a way to been a grover norquist's name from the show? >> why? >> dana: let me ask you about the road show. president obama goes out and talks about raising taxes on the rich. there is a cob stitch whensy in america says it's the right thing to do. boehner says if we had more re-knew we'll get in a different way. we think raising rates hurts the economy and we'll reduce the deductions to get the same place. but with president obama's road show he doesn't answer the question he brought up in 2010. what are you going to do about entitlements and how would you make it better? i don't think raising retirement age will solve the problem. >> brian: my head will explode. we keep saying we have to balance the budget. the math doesn't add up. number two, go in and roll up the shres and get it done behind closed doors. if
are willing to walk away from grover norquist on the tax pledge. >> it's breaking out all over. sanity is contagious. >> now, the question is, is the president going to stay where he is and go, you know what? we're going to do it my way or no other way? we're going to raise it to 90 -- to 39.6%. steve rattner had a great column yesterday. >> it's a must-read. >> you know there's more than one way to skin a cat, more than one way to raise over a trillion dollars in revenues. it doesn't just have to be the president's way. is the white house going to insist on the 39.6% tax rate, or will they consider the loophole part of it plus capital gains, plus a couple of other things? >> well, it looks to me like the white house has learned something over the course of the last four years which is that you don't start a negotiation by negotiating against yourself. >> right. >> you know, the president's taking a hard line right now because he feels as though he campaigned on this issue pretty strongly for the past year. but the president has been willing to compromise on a lot of things in the past
's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >> no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the pledge is not for life. but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than, than, than two years or something. >> and zoraida, there you have grover norquist -- >> weeks. >> -- of course, from the americans for tax reform throwing out some pretty strong political hyperbole. but the fact of the matter is, as you said, fiscal cliff, 35 days away, and as we've heard from a lot of economists, if congress can't fix this, then we're in a lot of trouble. we can be heading back into recession. >> mark preston live in washington, d.c. thank you for that. s
they don't feel bound anymore by that americans for tax reform pledge that grover norquist pledge. most recently house majority leader eric cantor seemed to have a little wiggle room there. do you expect to see more republicans coming out here? >> the floodgates have certainly opened and i suspect we'll see more republicans talk about the need for resolution. we have a new cnn poll in the last 24 hours that show that if this is not resolved, that republicans will take a majority of the blame, and not president obama. so i think we will see more republicans start to break away from that pledge. but, on the other side, though, democrats are also going to have to come to the table, and do some compromise. we saw senate minority leader mitch mcconnell talk about it yesterday on the senate floor. see what he has to say. >> republicans have stepped out of our comfort zone, and yet we remain at an impasse. leading us to ask, why? because a vocal minority on the hard left continues to argue to leaders of their party from the president on down, that democrats in washington should do absolutely n
on your facebook page. and grover norquist, says the republican will not cave on the fiscal cliff and that the g.o.p. will not agree to higher tax rate. i disagree with that. grover coming up after the break. so, too, is the opening bell. next, is this what republicans are up against? >> we cannot afford to extend the bush tax cuts for the wealthy. what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% init's tiny.aring device. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. incredibly easy to live with, lyric can be worn showering, sleeping and exercising. in fact, you might forget it's there at all. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimo
's preference to grover norquist and doesn't want any taxes of any kind and republicans are very clear, they say raise tax revenue and would have to come through limits on deductions, not higher tax rates. however, on the other side of the aisle there's no movement from the democrats, carl levin says, yeah, raise tax rates on the rich. >> they have to go up either real tax rates or effective tax rates, there's ways of at that doing. secondly though we've got to close significant loopholes. >> movement on the republican side, not from the democrats. there are no meetings scheduled for talks for the congressional leaders, and they'll hit the road and sell tax on over a quarter million dollars. maybe he should bring warren buffett along, buffett says he's in favor of raising the tax rate on people making more than $500,000 a year. congress may have less time to figure this all out than we thought. the new rules go into effect january 1st, but we believe that christmas eve may be the real deadline because of course, of the holiday. that's the deadline. very close. high unemployment, slow economic gr
of the year. >> one of the sort of controversial men in the middle here has been grover norquist, one of the few guys in washington who goes by his own name, grover. his first name, i should say. there are reports that some republicans who signed his no tax hike pledge are backing away from him. in the "wall street journal" saturday, he said, no, nobody's backed off. what's the truth here? >> well, he's wrong about that. they are backing away from him. but i have to say, tyler, this is an issue that's much bigger than grover norquist pcht republican party has staked out tax issue for a long time. it is not because of one individual and the pledge, although he's done a very effective job of marketing that and marketing himself. this is about a stance of the republicans as the party of less government. democrats as the party of more government. but i do think because republicans lost the election, because they've had a difficult time, new york jets fans might recognizefy said they've had the equivalent of a butt fumble over the last couple of months. republicans are on the defensive. th
. >> if grover norquist on the right and entrenched radical democrats, are they forcing deals like this? ralcorp -- >> no. you know what they are forcing? special dividends. >> yes, they are. >> declaring special dividends ahead of possible tax increases related to the fiscal cliff. las vegas sands, the largest single donor in the history of politics, has approved a special dividend. $2.75 a share. retailer dillard's says it will pay a one-time dividend of $5 in december and the home of jack daniels a cash dividend of $4 a share. i don't know how large the dillard family is. these dividends are very important to some of these families. the walton family when walmart did it saved $180 million as a result if in fact we see dividend taxes go to 39.6 from where they currently are. family run companies. sheldon is a big shareholder in las vegas sands. you pay a dividend and you are avoiding potentially an increase in the tax bill as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to.
, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really is about trying to solve problems. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> sounds great, doesn't it? only one problem, this apparent kiss-off to the anti-tax guru appears to be pure lip service. as mr. norquist himself expressed this morning in somewhat colorful language. >> no pledge taker has voted for a tax increase. we've had some people discussing impure thoughts on national television. we would certainly highlight who h
about breaking grover norquist's anti-tax pledge. you call him a genial man who has dangerously loopy ideas. >> let them say that about me. >> well, you know, he kind of -- that's kind of what i think about grover. and he says nobody is caving on the pledge, but, you know, spidery cracks are appealing in the ceiling. look, i think that would be a good thing. what would be really good. you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >> yeah. maybe. i don't know. >> do we still have senator durbin with us? >> yes, i'm still here. >> i don't think he's run away. >> senator durbin, can you talk about putting medicaid to the side, social security to the sid
grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart, the discussions over the next few weeks will be difficult, but with each new republican disavowing grover norquist, the chances of a deal rises sharply. first there was saxby chambliss, an honorable member of this body, a charter member of the gang of six who spent two years trying to negotiate a bipartisan compromise in the best of sphait. senator chambliss is a signer of the norquist pledge but he went on tv down in georgia, not somewhere else, down in georgia last week and bravely said -- quote -- "i care about my country more than i do about a 20-year-old pledge"-- unquote. then on abc this past sunday linsey graham said -- quote -- "the only pledge we should be making is to each other, to avoid becoming greece." on the very same program, my friend from new york, congressman pete king, said the pledge no longer applied because -- quote -- "the world has changed and the economic situation is different." now, these were just two interviews with george stephanopo
classmate grover norquist, the anti-tax crusader who came out swinging this weekend reminding republicans who signed the no new tax pledge to not discuss impure thoughts if they talk about taxes on national television. i know important apornography w it. it made it very clear that any republican who signed the pledge, that's pretty much every republican in congress, who balks at someone whose career is over. to me, that meant the defectors are far and few between. as a moderate leadership cannot deliver those pledge to the norquist hardline. norquist who seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rock
. >> brian: norquist is the bad guy. you should walk away from grover norquest. he said you have enough money on capitol hill and stop asking us . he's been a watch dog on our money so whether you are democrat or republican you should salute him. he warned you in the past that people who walked away from the no new taxes paid a price. >> remember the gang of 6. three of the people that you mentioned spent eight months in the room with democrats, pretending to negotiate tax increases for entitlement reform . after a while coburn had to admit they were offered nothing but tax increases. the president's budget is tax increases and president's negotiation is nothing but tax increases. >> gretchen: republicans need to hire good pr firms to get the message out. you will not go for tax increases unless the democrats go for cuts. >> brian: the president may not have control of his caucus. secret police files using as confetti in the macy's thanksgiving pallad. we will show share how it happened. >> steve: want to see where our economy is going. look back to 1937 and franklin roosevelt and stewart var
. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. established a law practice in a log cabin and then slowly worked his way up and became a very successful lawyer and got involved politically, ran for congress, served for eight terms and then befriended abraham lincoln, obviously, from illinois. and grant, and as they were on the rise, washburn stated them as a close confidente during the war and after grant was elected president, he appointed washburn as secretary of s
, i'd rather leave the money in my savings account earning a quarter of 1%. only a grover norquist imagination does such a response exist. foos what he thinks should be done in washington, he says he supports president obama's proposal to eliminate the bush tax cuts for high income taxpayers. however, he says he prefers a cut off points somewhere above $250,000, maybe 500 thud or so. additionally, he says we need congress right new to enact a minimum tax on high incomes. buffett is suggests 20% between $1 million and $10 million and 30% on amounts above that and that's something he had laid out before. the real definition of the buffett rule. >> i always thought he was uncomfortable about the way the buffett rule was constructed and felt uncomfortable about saying something about it. because remember, he never really spoke openly about it, he would intimate that 250 might not be his number. >> the buffett rule is 30%. >> but then he's also talking about the 500. >> but that's not the buffett rule. but if you're doing tax reform, then you're not going up anyway. >> i think the main
that was signed, that grover norquist orchestrated pledge that was signed by so many members to not raise taxes under any circumstances. did you sign that, and how do you feel about it now? >> oh, i signed it and i absolutely believe we don't have to raise taxes now. we can get this country spending under control through frgual management and good effective management of this out of control government but we've got to deal with the crisis we face. we have to deal with the political reality of the president's victory. so we'll wrestle with all of that as we go forward but i want to see and insist that this money be used to reduce the deficit if there is any revenue coming in. martha: i want to ask you this one more time. when you look at the statements by senator lindsey graham and senator sachs by chambliss who basically said i'm willing to revisit the tax pledge but only if we get real commensurate spending cuts, what do you think about that posture from them? >> well, lindsey's, he is a member of the budget committee which i'm ranking republican on. lindsey has said that before. this is not n
that they signed with grover norquist. people skeptical about a deal say what really matters is the house. the house is not showing that same level of flexibility, call it whatever you want. is that fair? are republicans in the house -- you're from oklahoma. obviously a red state. are you as resolute as you have always been? >> i am. here's the issue. the tax rate has never been the solution. there's a couple things to keep in mind here. one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent
the sellers think that. >> what does jim cramer think? >> if grover norquist wins, we go over the cliff. remember, there are a lot of democrats surfacing in this patty murray mode. we need to get taxes up. let's go over the cliff. then we have norquist and as far as i can tell norquist has not lost his hold on the party. that's a "the washington post" fantasy. >> norquist is unelected guy named grover. it's what he can deliver with the voters that scares these guys. who is worse? eagles or the jets? >> i was at the eagles last night. this is a very hard call. when you have three offsides calls right in a row when the game is in doubt, i got to tell you, this is an amazingly difficult question to answer. i got to punt on this one. it's so hard. hail to the chiefs. thank goodness chiefs are there to make everyone look good. >> i didn't see the jets game. i did look on youtube. that's really a bad metaphor. running into your own guy and falling back in for a touchdown. that sort of sums it up, doesn't? >> eagles went on vacation very early on in the season. so far the vacation has been jus
are too high, i'd rather leave the money in my savings account earning a quarter of 1%. only in grover norquist's imagination does such a response exist. why do you think republicans are clinging so tightly to that idea? >> well, i think they are worried about primaries next time, but i think you're seeing people peel away from that. i'll call you at midnight, matt and tell you i've got the greatest stock i've ever seen. you're not going to say what's the tox rate, you're going to say what's the name of it? >> bottom line, would raising taxes on the wealthiest americans have a chilling effect on hiring in the country? >> no, and i think would have a great effect on the morale of the middle class who have seen themselves playing high payroll taxes, income taxes and they watch guys like me end up paying a rate paid by the people in my office. >> mr. buffet, appreciate you being here. want to tell our viewers to stick around. you'll be back in the next half hour to chronicle a new book. always good to have you here. >> thanks, matt. >> now to savannah. >> a potential showdown in washingto
Search Results 0 to 22 of about 23 (some duplicates have been removed)